Arnold Kling: Sarah Palin's First Hundred Days

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Noted economist and author Arnold Kling at EconLog imagines President Palin's first 100 days:

She comes to office in January of 2013 with three priorities in economic policy. These are restoring the health of the private nonfinancial sector, putting entitlements on a sustainable path, and reversing the trend toward centralization of power.

1. A tax bill eliminates the corporate income tax and the employer portion of the payroll tax. It eliminates the tax deductibility of mortgage interest and employer contributions for health insurance.

2. An entitlement reform bill limits Federal spending on health care and social security to 10 percent of GDP, using these proposals or some equivalent.

3. Obamacare and Dodd-Frank are repealed.

Kling foresees the first woman President of the United States instituting a health care voucher system to subsidize the very poor and/or the very ill. He also sees her phasing out FHA, Freddie Mac, and Fannie Mae over a period of three years.

Kling, who earned his Ph.D. in economics from MIT, served as an economist in the Federal Reserve System from 1980 to 1986, was a senior economist at Freddie Mac from 1986 to 1994, and is currently an adjunct scholar with the Cato Institute. His full EconLog post is here.

- JP